Thanks @ThomasM125 for your response. It makes sense that since I am not getting an actual rent check from the couple, I would also not be able to deduct depreciation. It also makes sense that since the couple is obligated to pay the mortgage and property tax (and especially since they are not paying me directly), it cannot be considered as "rent" from my perspective. I see that you're drawing a distinction between an investment property vs a rental property, which I hadn't thought of before. That's also helpful.
What expenses would I be able to write-off as an investor then? The house is a bit far from me. When I go to inspect that the house is in good order, can I deduct travel expenses? Refinancing expenses?
Thank you.
